8,623 Shares in Climb Global Solutions, Inc. (NASDAQ:CLMB) Bought by LPL Financial LLC

LPL Financial LLC purchased a new stake in Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,623 shares of the company's stock, valued at approximately $1,093,000. LPL Financial LLC owned approximately 0.19% of Climb Global Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the company. Summit Global Investments acquired a new stake in Climb Global Solutions during the 4th quarter valued at $350,000. Harvest Fund Management Co. Ltd raised its stake in Climb Global Solutions by 123.2% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 2,848 shares of the company's stock valued at $345,000 after purchasing an additional 1,572 shares during the period. Royce & Associates LP raised its stake in Climb Global Solutions by 40.9% during the 4th quarter. Royce & Associates LP now owns 50,601 shares of the company's stock valued at $6,414,000 after purchasing an additional 14,682 shares during the period. Sowell Financial Services LLC acquired a new stake in Climb Global Solutions during the 4th quarter valued at $1,489,000. Finally, Raymond James Financial Inc. acquired a new stake in Climb Global Solutions during the 4th quarter valued at $1,449,000. 49.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Barrington Research reissued an "outperform" rating and set a $136.00 target price on shares of Climb Global Solutions in a research note on Thursday.

Insider Activity

In related news, CEO Dale Richard Foster sold 2,000 shares of the company's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $110.46, for a total value of $220,920.00. Following the completion of the sale, the chief executive officer now directly owns 82,740 shares in the company, valued at approximately $9,139,460.40. This represents a 2.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Charles Edward Bass sold 8,117 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $124.71, for a total transaction of $1,012,271.07. Following the completion of the sale, the insider now owns 25,792 shares of the company's stock, valued at $3,216,520.32. This represents a 23.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,764 shares of company stock worth $2,799,426 in the last ninety days. Corporate insiders own 9.60% of the company's stock.

Climb Global Solutions Stock Up 1.4 %

Shares of Climb Global Solutions stock traded up $1.44 on Thursday, hitting $106.14. 1,834 shares of the company traded hands, compared to its average volume of 27,745. The company has a 50-day moving average price of $113.67 and a 200 day moving average price of $119.97. Climb Global Solutions, Inc. has a 12-month low of $49.70 and a 12-month high of $145.00. The company has a market cap of $488.96 million, a PE ratio of 28.76, a PEG ratio of 1.74 and a beta of 1.13.

Climb Global Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 17th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Monday, March 17th. Climb Global Solutions's dividend payout ratio is currently 16.75%.

About Climb Global Solutions

Climb Global Solutions Inc operates as a value-added information technology (IT) distribution and solutions company in the United States, Canada, Europe, the United Kingdom, and internationally. It operates in two segments, Distribution and Solutions. The company distributes technical software to corporate and value-added resellers, consultants, and systems integrators under the name Climb Channel Solutions; and provides cloud solutions and resells software, hardware, and services under the name Grey Matter.